Mather Group LLC. Purchases Shares of 1,945 Welltower Inc. (NYSE:WELL)

Mather Group LLC. purchased a new stake in Welltower Inc. (NYSE:WELL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,945 shares of the real estate investment trust’s stock, valued at approximately $175,000.

A number of other institutional investors have also recently made changes to their positions in WELL. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower in the 4th quarter valued at about $25,000. Scarborough Advisors LLC bought a new stake in shares of Welltower during the 4th quarter valued at about $35,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Welltower during the 3rd quarter valued at about $38,000. Salem Investment Counselors Inc. boosted its position in shares of Welltower by 84.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 194 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Welltower during the 4th quarter valued at about $45,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WELL shares. Wells Fargo & Company upped their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Scotiabank upped their target price on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho upped their target price on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Finally, BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Welltower Stock Performance

Shares of Welltower stock opened at $103.04 on Friday. The company has a market cap of $61.61 billion, a PE ratio of 127.21, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. Welltower Inc. has a 52 week low of $75.86 and a 52 week high of $105.69. The business has a 50 day moving average price of $98.85 and a 200-day moving average price of $93.40. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Equities analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio is currently 301.23%.

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.12% of the company’s stock.

Welltower Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.